CNBC: Coronavirus could impact 5 million companies worldwide, new research shows
* A special briefing issued by global business research firm Dun & Bradstreet analyzed the Chinese provinces most impacted by the virus, and found they are intricately linked to the global business network.
* Almost half (49%) of the companies with subsidiaries in impacted regions are headquartered in Hong Kong, while the U.S. accounts for 19%, Japan 12% and Germany 5%.
* Dun & Bradstreet researchers found that at least 51,000 companies worldwide, 163 of which are in the Fortune 1000, have one or more direct or “tier 1” suppliers in the impacted region.
The new coronavirus outbreak and subsequent shutdown of huge swathes of China could impact more than 5 million businesses worldwide, according to a new study.
A special briefing issued by global business research firm Dun & Bradstreet analyzed the Chinese provinces most impacted by the virus, and found they are intricately linked to the global business network.
The affected areas with 100 or more confirmed cases as of February 5 are home to more than 90% of all active businesses in China, according to the report, and around 49,000 businesses in these regions are branches and subsidiaries of foreign companies.
Almost half (49%) of the companies with subsidiaries in impacted regions are headquartered in Hong Kong, while the U.S. accounts for 19%, Japan 12% and Germany 5%.
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WNU Editor: The Asian/Spanish influenza epidemic of 1918 resulted in an estimated 500 million infections and 50 million deaths in a population of 1.5 billion. Even the First World War was coming to an end, the economic impact on countries that were not involved in the war from this pandemic was severe .... The Impact of the 1918 Spanish Flu Epidemic on Economic Performance in Sweden. Flash forward to today. It is still too early to know how severe this outbreak will become, and its impact on the global economy. But the current trend lines are very disturbing, and if the world experiences in the coming months what China is now currently going through, you can take this to the bank, the consequences are going to be profound.
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